Gov’t vows income rise

ANKARA - Anatolia News Agency

Turkey’s average per capita income is estimated to rise to around $13,000 by 2015, which would make it a high income country according to World Bank criteria, Deputy Prime Minister Ali Babacan said yesterday.
 
However, if Turkey did not realize significant education and justice reforms it would only be a dream to be among the top 10 economies in the world as of 2023, he said during an Ankara meeting held by the Independent Industrialists and Businessmen Association of Turkey (MÜSİAD). The Turkish Central Bank is currently applying a negative real interest rate and inflation is at its lowest level in the last 30 to 40 years, he added. Turkey’s exports have increased over the last year, rather than domestic demand, he noted.